Suburb Profile Report for Leongatha VIC (3953)

Leongatha House: Median price $312,000, Annual capital growth 3.13%, Number of sales 119, Weekly median advertised rent $270

Leongatha Unit: Median price $275,500, Annual capital growth 2.78%, Number of sales 12, Weekly median advertised rent $220

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Leongatha has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.33%

Across a shorter period, Leongatha, 3953 has seen a median price increase of 0.00% over the last quarter.

Property investors looking for a bargain in Leongatha should be aiming for at least -5.55% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 9.92 sales per month, which equates to 119 per year.

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 3.13%, investors should hope to achieve an overall return of 4.50%

Investment property in Leongatha has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.04%

Across a shorter period, Leongatha, 3953 has seen a median price increase of 1.10% over the last quarter.

On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.

Situated 113.73km from the CBD, Leongatha is one of South Gippsland localities in the postcode 3953.

Metrics i HOUSE UNIT
$312,000 $275,500
0.00% 1.10%
8.33% 2.04%
3.13% 2.78%
$270 $220
119 12
4.50% 4.15%
120.61 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
Find a mortgage broker in Leongatha VIC
Demographics
Total population 5332
Median household income ($/weekly) 947
Median age of persons 40
Median housing loan repayment ($/monthly) 1352
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 693 13.0
    25-34 years 616 11.6
    35-44 years 588 11.0
    45-54 years 677 12.7
    55-64 years 668 12.5
    Others 2090 39.2
    Age Group
    Census Count Percent(%)
    Registered Married 1917 50.9
    Not Married 1463 38.9
    Defacto Relationship 384 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4592 90.1
    Japan 42 0.8
    New Zealand 63 1.2
    Papua New Guinea 45 0.9
    United Kingdom 171 3.4
    Others 183 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 0.8
    Christianity 3273 67.8
    Hinduism 10 0.2
    Other Religious Groups 9 0.2
    No Religion 1483 30.7
    Others 10 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 183 9.7
    $400-$599 264 13.9
    $600-$799 215 11.4
    $800-$999 225 11.9
    $1,500-$1,999 224 11.8
    Others 783 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1572 38.2
    Employed, worked full-time 1440 35.0
    Employed, worked part-time 821 20.0
    Employed, away from work 188 4.6
    Unemployed, looking for work 89 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 310 12.6
    Professionals 378 15.4
    Technicians & trades workers 408 16.6
    Clerical & administrative workers 310 12.6
    Sales 291 11.9
    Others 757 30.8
    Occupation
    Census Count Percent(%)
    Pre-school 92 8.4
    Infants/Primary 441 40.2
    Secondary 333 30.4
    Technical or Further Educational Institution 115 10.5
    University or other Tertiary Institutions 79 7.2
    Others 37 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4535 93.5
    Semi-detached, row or terrace house, townhouse 228 4.7
    Flat, unit or apartment 68 1.4
    Caravan, cabin, houseboat 12 0.2
    House or flat attached to a shop, office 8 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 834 40.8
    Being purchased 660 32.3
    Rented 535 26.2
    Other tenure type 14 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals